The median sale price of a home sold in July 2017 in Miami rose by $10,500 while total sales increased by 1.7%, according to BlockShopper.com.
In July 2017, there were 588 homes sold, with a median sale price of $280,500 – a 3.9% increase over the $270,000 median sale price for the same period of the previous year. There were 578 homes sold in Miami in July 2016.
The median sales tax in Miami for the most recent year with available data, 2015, was $3,197, approximately 1.1% of the median home sale price for July 2017.
The following table compares Miami to other Miami-Dade County cities with similar median sales prices in July 2017:
| City | July 2017 Home Sales | July 2016 Home Sales | % change (Total Home Sales) | July 2017 Median Sales Price | July 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Country Walk | 30 | 31 | -3.2% | $330,500 | $279,000 | 18.5% |
| Sunny Isles Beach | 67 | 56 | 19.6% | $321,100 | $338,500 | -5.1% |
| Miami Lakes | 26 | 30 | -13.3% | $310,250 | $296,250 | 4.7% |
| Aventura | 122 | 108 | 13% | $310,000 | $249,000 | 24.5% |
| Miami Beach | 226 | 282 | -19.9% | $300,000 | $405,000 | -25.9% |
| Miami | 588 | 578 | 1.7% | $280,500 | $270,000 | 3.9% |
| Palmetto Estates | 24 | 21 | 14.3% | $269,000 | $240,000 | 12.1% |
| Cutler Bay | 96 | 89 | 7.9% | $266,250 | $213,000 | 25% |
| Bay Harbor Islands | 10 | 9 | 11.1% | $260,000 | $355,000 | -26.8% |
| Kendall | 140 | 123 | 13.8% | $250,000 | $234,900 | 6.4% |
| Opa-Locka (unincorporated) | 22 | 20 | 10% | $238,500 | $175,350 | 36% |
